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BASIS OF PRESENTATION | 6 Months Ended
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Dec. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
BASIS OF PRESENTATION | BASIS OF PRESENTATION The consolidated financial statements have been prepared by the company, without an audit. The financial statements include consolidated balance sheets, consolidated results of operations, consolidated statements of comprehensive income, changes in consolidated shareholders’ equity and consolidated cash flows. In the opinion of management, all adjustments, which consist of normal recurring adjustments, except as otherwise disclosed, necessary to present fairly the financial position, results of operations, comprehensive income, cash flows and changes in shareholders’ equity for all periods presented have been made. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended July 1, 2023. Certain footnote disclosures included in annual financial statements prepared in accordance with generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to applicable rules and regulations for interim financial statements. Supplemental Cash Flow Information The following table sets forth our reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the amounts shown in the consolidated statement of cash flows:
| Dec. 30, 2023 |  | Dec. 31, 2022
| (In thousands)
Cash and cash equivalents | $ | 962,165 |  |  | $ | 500,340 |
Restricted cash (1) | 133,491 |  |  | 85,306 |
Total cash, cash equivalents and restricted cash shown in the consolidated statement of cash flows | $ | 1,095,656 |  |  | $ | 585,646 |
(1) | Restricted cash primarily represents cash and cash equivalents of Sysco’s wholly owned captive insurance subsidiary, restricted for use to secure the insurer’s obligations for workers’ compensation, general liability and auto liability programs. Restricted cash is located within other assets in each consolidated balance sheet.
The following table sets forth our non-cash investing and financing activities:
| Dec. 30, 2023 |  | Dec. 31, 2022
| (In thousands)
Non-cash investing and financing activities: |  |  |
Plant and equipment acquired through financing programs | $ | 158,454 |  |  | $ | 52,360 |
Assets obtained in exchange for finance lease obligations | 52,367 |  |  | 81,799 |

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